Chile president-elect says planned reforms won’t hit private sector

Chilean presidential candidate Michelle Bachelet casts her ballot during the presidential election in SantiagoBy Rosalba O'Brien and Alexandra Ulmer SANTIAGO (Reuters) – Sweeping reforms planned by Chile's center-left president-elect Michelle Bachelet will not threaten the private sector, she said after her electoral victory at the weekend. Bachelet, whose coalition ranges from moderate left Christian Democrats to militant Communists, will return to the presidency of the South American nation in March after a landslide second round win on Sunday. She campaigned on a slate of addressing deep inequality in Chile by hiking corporate taxes to pay for reforms such as a gradual move to free higher education. Some analysts have raised concerns that Bachelet's return after the conservative government of Sebastian Pinera will mean a shift to less investor-friendly policies in the top copper exporter.



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